Multiple Choice
Which of the following is true regarding Neoclassicists?
A) They believed that wages and prices were inflexible downwards.
B) They believed that recessionary and inflationary gaps were inevitable.
C) They concentrated their analysis on the AS curve.
D) They made no distinction between the short run and the long run in reference to aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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